Non-Financial Materiality

This chapter examines non-financial materiality in corporate reporting, focusing on environmental, social, and governance (ESG) impacts beyond traditional financial metrics. It highlights frameworks like the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). It explores the challenges of integrating ESG factors into corporate strategies. The chapter emphasizes transparency and accountability in reporting ESG impacts, aiming to enhance the quality and value of disclosures. Furthermore, it clarifies the relationship between non-financial and financial materiality, influencing the importance of understanding the concept of double materiality and underscoring their roles in comprehensive sustainability reporting.